On August 27, 2025, the Nvidia logo appears on the Nvidia headquarters building in Santa Clara, California. Chipmaker Nvidia is scheduled to announce its second-quarter financial results after the closing bell today.
Justin Sullivan | Getty Images News | Getty Images
shares of Nvidia rose more than 3% in premarket trading Wednesday, putting the tech giant on track to become the first company to pass the $5 trillion market cap threshold.
This extraordinary milestone will reflect the company’s impressive growth as it has evolved from a niche video game processor to an essential player in the artificial intelligence boom.
Nvidia stock was last up 3.2% in pre-market trading. The stock price has increased nearly 50% since the beginning of the year.
The rise comes shortly after CEO Jensen Huang said Nvidia expects $500 billion in orders for artificial intelligence chips and announced plans to build seven new supercomputers for the U.S. government.
Separately, NVIDIA on Tuesday announced it would acquire a $1 billion stake in Nokia and form a strategic partnership with the network company to develop next-generation 6G cellular technology.
The dizzying rise in U.S. tech stocks has some raising alarm over fears of an AI bubble, especially as AI-driven spending is leading to record deals and valuations.
Earlier this month, the International Monetary Fund and the Bank of England became the latest financial institutions to warn that global stock markets could be in trouble if investor appetite for AI worsens.
This is breaking news. Please refresh to check for updates.
